Talk:Letter of intent/Archives/2012

Mutual agreement or not??

The first sentence of the Wikipedia article reads:

"A letter of intent or LOI is a document outlining an agreement between two or more parties (...)"

But in the end of the article we have:

"There is however a specific difference between an LOI and MOU, whereby an LOI is the intent from one party to another and does not in this case have to be signed by both parties, whereas an MOU is an agreement between two or more parties (...)"

So, is a letter of intent an agreement between two (or more) parties or not?

I'd say the first sentence contradicts the latter, and either of them should be rephrased. —Preceding unsigned comment added by Beryllium-9 (talk • contribs) 10:14, 18 November 2009 (UTC)

what will happen if some one sign letter of intent before joining and do not join —Preceding unsigned comment added by 59.164.5.54 (talk) 14:11, 18 June 2010 (UTC)

The legal binding power of a document – be it a letter of intent or a memorandum of understanding – depends on its contents, not on its title. Even headings in such document do not carry any meaning beyond a navigational reference to sections of a document. If a document describes all elements required by contract law, then it should be considered as legally binding. —Preceding unsigned comment added by 97.87.12.206 (talk) 15:56, 27 January 2011 (UTC)